Life Cycle Costing
Much of the focus of construction cost planning goes to the initial cost of a project and budgets are often judged on their short term performance. BCQS can offer advice as to the long term quality and performance of the project. Life cycle costing provides a holistic view of both the financial and non- financial impacts of specific design measures within a building. Utility, operation, and maintenance costs are evaluated against simple pay back, internal rates of return, net present value and time value to evaluate the best option.